Midstream traded up this week, participating pari passu with the broad rally in utilities and broader equities. Midstream earnings were impressive again (especially [[ET]], [[LNG]] and [[TRGP]]), the Colorado Proposition 112 was voted down, and natural gas prices spiked. Those positive factors helped midstream trade well in the face of deteriorating oil prices.
U.S. oil prices declined for a 5th straight week, settling negative on Friday for a 10th straight down day, which hasn't happened since 1984. Oil prices hit a 4-year high on October 3rd. Since then, oil prices have declined more than 20%,